Schroder Investment Management Group purchased a new stake in shares of Aircastle Limited (NYSE:AYR) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 150,471 shares of the transportation company’s stock, valued at approximately $3,297,000. Schroder Investment Management Group owned about 0.20% of Aircastle as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of AYR. Rothschild Asset Management Inc. grew its stake in Aircastle by 2,004.0% during the 2nd quarter. Rothschild Asset Management Inc. now owns 1,829,292 shares of the transportation company’s stock valued at $37,500,000 after purchasing an additional 1,742,350 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Aircastle by 409.0% in the second quarter. Wells Fargo & Company MN now owns 582,593 shares of the transportation company’s stock worth $11,943,000 after buying an additional 468,139 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Aircastle by 10.8% in the third quarter. BlackRock Inc. now owns 3,857,465 shares of the transportation company’s stock worth $84,518,000 after buying an additional 376,008 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Aircastle by 31,754.2% in the second quarter. Sei Investments Co. now owns 322,365 shares of the transportation company’s stock worth $6,608,000 after buying an additional 321,353 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Aircastle by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 6,310,049 shares of the transportation company’s stock worth $129,356,000 after buying an additional 318,259 shares during the last quarter. Institutional investors and hedge funds own 58.04% of the company’s stock.
A number of analysts have recently commented on the company. ValuEngine upgraded Aircastle from a “strong sell” rating to a “sell” rating in a research note on Friday, August 17th. Zacks Investment Research upgraded Aircastle from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, October 9th. Finally, Cowen upgraded Aircastle from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $24.00 to $26.00 in a research note on Thursday, September 27th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.33.
Shares of AYR opened at $17.82 on Friday. Aircastle Limited has a 52 week low of $17.54 and a 52 week high of $25.30. The stock has a market capitalization of $1.38 billion, a PE ratio of 7.13, a P/E/G ratio of 0.73 and a beta of 1.76.
Aircastle (NYSE:AYR) last issued its earnings results on Thursday, November 1st. The transportation company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $190.80 million for the quarter, compared to the consensus estimate of $192.78 million. Aircastle had a return on equity of 10.26% and a net margin of 25.70%. The company’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. As a group, research analysts expect that Aircastle Limited will post 2.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.30 dividend. This is a boost from Aircastle’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 6.73%. Aircastle’s dividend payout ratio is presently 64.17%.
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Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. The company also invests in other aviation assets. As of December 31, 2017, its aircraft portfolio comprised 236 aircraft leased to 81 lessees located in 43 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.
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